HMS Bergbau AG announced details regarding a three-year sales agreement with an international off-taker. Its subsidiary HMS Bergbau Africa (Pty) Ltd. will source the high-quality coal for export from the Usutu and Penumbra mines, both under ownership and management of the IchorCoal Group. The sale was concluded on the back of an existing exclusive marketing agreement with IchorCoal.
“Through this high-volume contract in South Africa, HMS Bergbau AG is not only expanding its existing partnership with IchorCoal NV, but is also underscoring its export and marketing strength on the international coal market in which we act as a reliable trading partner. At the same time, this agreement is a clear sign that coal markets are recovering. Accordingly, we expect further coal marketing agreements, not only in South Africa,” said Heinz Schernikau, CEO of HMS Bergbau AG. Berlin-based HMS Bergbau AG is one of the leading independent raw materials marketing and trading companies in Germany, specializing in the international purchase and sale of coal and raw materials such as ore, metals and cement products.